A Nice Pay Raise for Sachem’s Chairman and CEO June 23, 2022 Paul Muolo Sachem, which is a REIT, earned $4.35 million in the first quarter compared to $2.18 million in 4Q21.Read More
Mortgage Brokers Take it on the (Conventional-Conforming) Chin in 1Q22 June 22, 2022 Brandon Ivey The largest table-funder of loan brokers is United Wholesale Mortgage...Read More
Trouble Ahead? Seller Repurchases of Fannie/Freddie Loans Spike June 21, 2022 John Bancroft It marks the first time quarterly repurchases topped the $1 billion mark since the second quarter of 2014.Read More
Warehouse Usage Rates Crater as Nonbanks Suffer June 17, 2022 The commitment numbers hardly seem awful but the real damage is in the usage rates...Read More
The Fed Increases Its MBS Holdings. Huh? June 17, 2022 The central bank is unique in that it reports MBS holdings based on the unpaid principal balance of the securities it owns...Read More
Depositories Lose Ground in MSRs, Nonbanks Plow On June 16, 2022 John Bancroft Nonbanks boosted their combined servicing by 4.8%, hitting $6.231 trillion...Read More
LoanDepot Executives Sell Company Shares Into a Tough Market June 16, 2022 The sales were carried out pursuant to Rule 10b5-1 trading plans...Read More
May Rate-Lock Readings Don’t Exactly Inspire June 16, 2022 Brandon Ivey Mortgage Capital Trading reported an even sharper drop of 10.1% for purchase rate-locks...Read More
Retail Channel Holds Up (Sort Of) as Jumbos Take a Hit June 16, 2022 Brandon Ivey Retail jumbo lending tends to be dominated by banks...Read More
A Bump Up in Applications but as One CEO Commented, ‘It’s Ugly’ June 15, 2022 Paul Muolo Lenders continue to report a strong purchase-market but are feeling the pain from cratering refis...Read More
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